University of Toronto MBA: Fees for Indian Students, Requirements, Placements & Application Deadlines

What’s new at University of Toronto MBA Admission 2024? The application deadlines for MBA program for the Class of 2026 have been released. For international students, the Round 3 MBA application deadline is Mar 4, 2024. 

The full-time MBA program at the University of Toronto is a two-year course. In other words, it is a 16 months academic program with a 4-month opportunity for a paid internship. 

Read: Top Reasons to Study at University of Toronto

University of Toronto MBA Tuition Fees & Specializations

In INR, the tuition fee for first-year is around 41 Lakh (Excluding living expenses). The University of Toronto fees for MBA course (estimated) is given as follows: 

Year	MBA Tuition Fees
1st year	CAD 67,530
2nd year	CAD 68,880
Total	CAD 136,410

Also Read: MBA in Canada 

University of Toronto MBA Admission Requirements 2024

To take admission to the MBA course at Toronto University, students are required to meet all the entry requirements.

University of Toronto MBA Selection Criteria

The University of Toronto requirements for international students for MBA course are given below:

• Undergraduate Degree: An appropriate bachelor’s degree or equivalent from a recognized university
• Minimum GPA: For Indian applicants, the minimum GPA required is 1st class / Div or 8.0 / 10; 7.5 / 10 from Indian Institute of Technology. Also, A Minus GPA and B Plus GPA are also accepted. However, check the exact requirements from the University of Toronto MBA course page
• Bachelor’s Equivalent: Bachelor’s degree requiring at least 4 years of study (Example: BPharm, BDS, MBBS, BTech, BEng, B.Arch, etc. or completion of both a bachelor’s (three-year) degree and a master’s
• Master’s Equivalent: MTech; MPhil; MSc (Eng); MEng
• GMAT / GRE score: As such, there is no GMAT score requirement mentioned by the university. However, as per the class profile of 2024, the average GMAT score of students is 674
• Work Experience: Minimum of two years
• Professional References: Of two referees
• Essay and Interview: The applicants stand out by writing an essay outlining their professional and personal lives. Also, a video interview (2 questions) with a new timed written response component (10 minutes in length) is required

Related Read: Eligibility for MBA in Canada for Indian Students 

University of Toronto MBA English Language Proficiency Exams

To pursue an MBA in Canada from the University of Toronto, submit any one of the following: 

• Graduate or an undergraduate degree from a recognized English-language university
• TOEFL iBT
• IELTS (Academic)
• Grade B from Academic English Level 60 in the University of Toronto English Language program

The test scores required in English language proficiency tests are given below:

Tests	Scores
TOEFL (iBT)	100 overall, with a minimum of 22 in Speaking and Writing
IELTS (Academic)	7.0, with at least 6.5 in each component

Note: Students from India and Pakistan do not need any further proof of English language proficiency if they have graduated from an English-language university.

University of Toronto Acceptance Rate

According to various unofficial sources, the University of Toronto acceptance rate is 43%. The full-time MBA course class of 2024 has a total of 275 students. Out of the 100%, 65% are international students. As per an unofficial source, Rotman School of Management is one of the top B-schools globally.

The full-time MBA program of Rotman School of Management attracts top talent from an incredibly diverse range of professional and academic backgrounds. So, to take admission to an MBA course at the University of Toronto, it is advised to have a good academic profile including good marks in GMAT / GRE. However, as specified by the university, a holistic approach is followed. This means, all the factors of an MBA application are considered.

University of Toronto MBA Admission Dates 2024

Toronto University application deadlines for the full-time MBA class of 2025 are given below:

Rounds	Application Deadline	Admission Decision Date (No later than)
Early Round	Sep 5, 2023	Oct 13, 2023
Round 1	Oct 2, 2023	Dec 15, 2023
Round 2	Jan 12, 2024	Mar 15, 2024
Round 3	Mar 4, 2024	May 6, 2024
Round 4	Apr 29, 2024	May 31, 2024

Note:

* To be considered for specific Combined Program awards we advise applicants to the JD/MBA, MGA/MGA, Skoll/MBA and Pharma/MBA Programs to apply by the Round Two deadline. 

** All international applicants (excluding US Citizens) are highly encouraged to apply by Round Three in order to ensure ample time for visa processing after accepting the offer of admission. 

University of Toronto MBA Application Process 2024

The applicants can fill MBA application form of the University of Toronto online directly at the university’s website. Check the step-by-step application process for the University of Toronto MBA given below:

Step 1: First of all, go to the official website of the University of Toronto and in the search bar type Rotman School of Management

Step 2: Then, click on the full-time MBA course. A new tab will open. From there, click on the ‘how to apply’ tab

Step 3: After this, a login window will appear. Click the ‘Don’t have an account – Sign Up’ tab here.

Step 4: Now, sign up by entering the necessary details like email id, name, mobile number, etc. Then, click on the ‘register’ button.

Step 5: Then, verify the email account by entering the verification code. Now, a new tab will appear, here, click on the ‘new application’ tab.

Step 6: Now, enter the details in each section of the application. The details that have to be entered include personal, work experience, professional experiences, etc. Also, submit the CAD 195 as an application fee to submit the application

Read: How to Apply for UG & PG Courses in Canada 

Documents required for University of Toronto MBA 2024 Application

Given below are the University of Toronto requirements for MBA application:

• Undergraduate degree academic transcripts
• GMAT / GRE test score report
• Resume
• Professional References
• Essay and Video Interview
• English language proficiency test score

University of Toronto MBA Ranking

The University of Toronto ranking for the MBA course is given below:

Ranking Body	2024	2022
Financial Times	67	79
QS Global MBA Rankings	41	42

University of Toronto MBA Cost of Living 2024

Given below are the estimated funds that a single student shall require for living expenses for the first 12 months in Toronto.

Particulars	Expenses (CAD)
Textbooks	2,000
Laptop	1,600 – 2,000
Accommodation	8,000 – 14,000
Food	4,000 – 5,500
Personal Expenses	2,000
Public Transportation	1,300
Health Insurance (UHIP) for international students	756

Read: Cost of Living in Canada for Indian Students 

University of Toronto MBA Placements 2024

According to the full-time MBA employment and salary report released by the University of Toronto, following are the details:

• 96% of full-time MBA students seeking employment were employed 3 months after graduation
• 97% of full-time MBA students seeking employment were employed 6 months after graduation
• The average total salary was CAD 123,438
• The average signing bonus was CAD 18,291
• Industries in which MBA students were employed are Consulting, Financial Services, Technology, Legal Services, Healthcare, etc.

University of Toronto Vs York University Vs University of Calgary

Given below is the comparison of the top-ranked Canadian Universities for their MBA program based on the parameters including ranking and fees.

MBA Universities	QS Global MBA Rankings 2024	MBA First-Year Tuition Fees
University of Toronto	41	INR 27.85 L – 41.37 L
York University	98	INR 31.87 L – 49.06 L
University of Calgary	201-250	INR 24.29 L

Also Check:

• Top 10 MBA Colleges in Canada
• Most Affordable MBA Colleges in Canada